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Credpal logo — company profile

Credpal

Founded 2018 11-50 employees Seed Total: $18.51M E-Commerce, Financial Services +2

General Information

Company Name Credpal
Founded Year 2018
Employees 11-50
Industries E-Commerce, Financial Services, Fintech +1
Funding Stage Seed
Social

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About Credpal

Credpal is a Nigerian-based startup founded in 2018 by Fehintolu Olaogun and Olorunfemi Jegede. The company offers a unique solution for businesses and individuals to make purchases and pay in installments, catering to both online and offline merchants. It focuses on providing credit access at the point of checkout, enhancing transparency and allowing users to set up accounts and select payment plans to minimize risk. Credpal also collaborates with multiple financial institutions to extend credit to its customers. In June 13, 2022, the company secured a Seed Round investment from Cairo Angels and Acasia Ventures. With a focus on e-commerce, financial services, fintech, and payments, Credpal has established its headquarters in Lagos, Nigeria.

Funding Rounds & Investors (13)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round Undisclosed 2
Cairo Angels
Cairo Angels, Acasia Ventures
13 Jun 2022
Debt Financing Undisclosed 1
Credit Direct
Credit Direct
30 Mar 2022
Venture Round $15.00M 7
GreenHouse Capital Uncovered Fund Credit Direct
GreenHouse Capital, Uncovered Fund +5
30 Mar 2022
Non Equity Assistance $100.00K 1
Google for Startups
12 Oct 2021
Venture Round $1.50M 3
GreenHouse Capital Y Combinator Tangerine Insurance
GreenHouse Capital, Y Combinator +1
02 Dec 2020
Series A Undisclosed 1
VC4A
01 Oct 2019
Grant Undisclosed -
19 Apr 2019
Seed Round $150.00K 1
Y Combinator
Y Combinator
18 Mar 2019
Seed Round KES1.70M 1
The Epic Groundwater Challenge
03 Aug 2018
Grant $25.00K 1
Visa Everywhere Initiative
26 Jul 2018

View All 13 Funding Rounds

Latest News

View All
Bolt Partners Fintech Startup, CradPal to Offer "Ride Now, Pay Later" Service in Nigeria — Theouut.com
Bolt Partners Fintech Startup, CradPal to Offer "Ride Now, Pay Later" Service in Nigeria
Theouut.com Jan 12, 2023

Credpal Alternatives & Competitors

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Credpal vs
Mondu
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Credpal vs
Hokodo
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Payscout
Payscout United States

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FAQ About Credpal

Credpal offers an innovative solution for businesses and individuals to purchase items and pay in installments across both online and offline merchants. By providing credit access at the point of checkout, it ensures transparency in services, allowing users to set up accounts and select payment plan...
Credpal was founded in 2018.
Credpal operates in E-Commerce, Financial Services, Fintech and Payments.
Credpal has approximately 11-50 employees.
Credpal has completed 13 funding rounds, raising a total of $18.51M. The latest funding stage is Seed.
Top alternatives and competitors to Credpal include Mondu, Hokodo, Payscout, OKIKO, Smartpay. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Credpal and Mondu are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Credpal, https://bouncewatch.com/company/credpal, updated 27 December 2024. When citing, please name BounceWatch and link this page.

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